NAI James E. Hanson on Thursday said it sold a 12,900-square-foot building at 30 Route 46 E. in Lodi. NAI Hanson’s Anthony Cassano, vice president, represented both the buyer, R & May Transportation LLC, and the seller, 30 Rt 46 LLC, in the transaction.
Located on the western edge of Lodi, 30 Route 46 E. is a 12,900-square-foot building featuring 225-foot frontage and abundant on-site parking. With permitted uses including retail, restaurant, car wash and service station, automotive and business supply as well as professional and medical use, the property’s flexibility offers value to a wide variety of users. The property also boasts easy access to the highly favorable local demographics found throughout the over 600,000 people who live within five miles.
With a range of authorized uses beyond its traditional retail use, the seller tapped NAI James E. Hanson to market the property and secure a buyer. Looking to relocate from Passaic County to expand its business of providing transportation services to handicapped children, the buyer took interest in the property’s outstanding location along Route 46 as well as the extensive parking space available to store their fleet of handicap-accessible busses and vans.
“Buildings that are permitted for multiple uses present a tremendous opportunity for owners to maximize the value of their asset,” Cassano said. “This opens the door for service industry users to take advantage of the premier locations typically seen in retail-specific locations along highly trafficked highways. I’m very happy to have played a role in bringing this needed service into Lodi and wish them continued success.”
